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Trade press release

MacGREGOR secures contracts for 10 more RoRo vessels in Korea

05/09/2007

MacGREGOR to modernise valve controls on largest FSO

MacGREGOR turnkey remote controlled valve system solution for Knock Nevis ranges from system design to commissioning and crew trainingMacGREGOR part of the Cargotec Corporation has been contracted to modernise the remote controlled valve system on the world largest tanker. The contract exceeds u201a1 million and was placed by Fred Olsen Marine Services AS, Oslo, Norway, in July. The 564,650 dwt floating storage offloading unit Knock Nevis will be upgraded by MacGREGOR Service division during operation on the Al Shaheen field.

Knock Nevis was built as a crude carrier by Sumitomo Heavy Industries in 1979, and its former names include Jahre Viking. The ship was converted to an FSO in 2004 at Dubai Dry-docks and stationed on the Al Shaheen field for Maersk Oil Qatar.

MacGREGOR turnkey remote controlled valve system solution for Knock Nevis covers:

fully assembled containerised hydraulic room
power pack with starter control valve stands
accumulators
actuators
cargo control panel modifications
emergency operation blocks
multi-core tube installation on deck
multi-core tubes installation in pump room
system drawings
instruction manuals
spare parts.

All installation, modifications and commissioning will be completed while Knock Nevis is processing oil, making it one of the most challenging projects ever undertaken at station.

Also included are factory acceptance tests, installation of equipment and tubes, testing and certification of valve and actuator operation, flushing, pressure testing, system commissioning, tests and crew training.

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For further information, please contact:
Arve Plassen, Branch Manager, MacGREGOR (NOR) AS
Tel: + 47 55 54 66 06 Fax: +47 55 54 66 01
E-mail: arve.plassen@macgregor-group.com

or

MacGREGOR Group press office:
Mr Steve Labdon, MacGREGOR Group Media Representative
Tel: +44 (0)20 8370 1740 Fax: +44 (0)20 8364 1331
E-mail: steve.labdon@j-l-a.com